To read the full version of this content please select one of the options below:

Public procurement reforms in greece: The impact of improved transparency on government expenditures

Giotopoulos *** (Department of Economics, University of Peloponnese.)
Grigoris Pavlou (IOBE Foundation for Economic and Industrial Research.)
Svetoslav Danchev (IOBE Foundation for Economic and Industrial Research.)
Aggelos Tsakanikas (Laboratory of Industrial and Energy Economics, National Technical University of Athens.)

Journal of Public Procurement

ISSN: 1535-0118

Publication date: 1 March 2015

Abstract

During the recent economic crisis, public procurement reforms have received a great attention as a key mechanism that enables significant cost savings and improves transparency in the public sector, particularly in countries which are under a process of extensive fiscal consolidation like Greece. This paper examines the effects of improved transparency on public procurement cost in the light of the ongoing structural reforms taking place in Greece. The basic finding indicates that ensuring transparent practices in public procurement processes reduces government expenditures by about 1.8 - 3.4 percentage points. A dataset on 2309 public supply contracts for goods was used, supplementing the pooled OLS estimates with quantile regressions.

Citation

***, G., Pavlou, G., Danchev, S. and Tsakanikas, A. (2015), "Public procurement reforms in greece: The impact of improved transparency on government expenditures", Journal of Public Procurement, Vol. 15 No. 4, pp. 458-475. https://doi.org/10.1108/JOPP-15-04-2015-B003

Publisher

:

Emerald Publishing Limited

Copyright © 2015 by PrAcademics Press